Centrus Energy Q1 revenue misses estimates

Centrus Energy

05/05/2026 21:46

Overview

US nuclear fuel supplier's Q1 revenue rose 5% yr/yr but missed analyst expectations

Adjusted net income for Q1 declined yr/yr

Company raised full-year 2026 revenue guidance on commercial progress and expansion efforts

Outlook

Centrus raises 2026 revenue guidance to $450 mln-$500 mln from $425 mln-$475 mln

Company expects 2026 capital deployment of $350 mln-$500 mln for industrial build out

Centrus expects at least 100 net new hires at Oak Ridge and Piketon facilities in 2026

Result Drivers

LEU SEGMENT DECLINE - Revenue from the LEU segment fell 13% due to a 47% drop in SWU sales volume, partially offset by a 52% increase in average SWU price

TECHNICAL SOLUTIONS GROWTH - Technical Solutions segment revenue rose 47%, mainly due to increased work under the HALEU production contract with the Department of Energy

HIGHER ADVANCED TECHNOLOGY COSTS - Net income declined mainly due to a $15.9 mln increase in advanced technology costs tied to expansion activities

Company press release: ID:nPn8txtXqa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$76.7 mln
$79.51 mln (13 Analysts)
Q1 Net Income
$10 mln
Q1 Operating Income
$800,000


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the uranium peer group is "buy"

Wall Street's median 12-month price target for Centrus Energy Corp is $285.00, about 37.7% above its May 4 closing price of $206.92

The stock recently traded at 62 times the next 12-month earnings vs. a P/E of 66 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)